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The Financial Express

Search results for: Trade

Fish, garlic prices soar

Fish, garlic prices soar

FE Report 2019-01-18 09:48:59

Fish and garlic became costlier last week compounding the woes of the consumers further who were already battered with rising rice prices. The prices of onion, however, showed a downward trend whil...

Lower charges for Ctg port users during holidays

Lower charges for Ctg port users during holidays

Syful Islam 2019-01-18 09:35:09

The government has decided to offer concession on port charges for users during holidays in an attempt to keep cargo delivery uninterrupted like working days in the Chattogram port, people familiar...

BR for drastic cut in project fund on slow execution

BR for drastic cut in project fund on slow execution

FHM Humayan Kabir 2019-01-18 09:33:29

Construction of the Dohazari-Cox's Bazar-Ghundum railway line project is going on slowly, as the Bangladesh Railway (BR) has failed to complete necessary land acquisition for its construction work,...

Oil-fired power plants to retire on expiry

Oil-fired power plants to retire on expiry

M Azizur Rahman 2019-01-18 09:32:21

The government has no plan to renew contracts of 'costly' oil-fired plants on expiry to cut down power generation costs and ensure sustainable future energy security. "A good number of oil-fired powe...

Mega projects under scanners

Mega projects under scanners

FHM Humayan Kabir 2019-01-18 09:22:26

The foreign aid-supported projects are coming under the government's close scrutiny as the new finance minister will review progress next week, officials said on Thursday. AHM Mustafa Kamal is likely...

Four shows on RMG sector starts in city

Four shows on RMG sector starts in city

FE Online Report 2019-01-17 17:37:59

Four concurrent shows on readymade garments (RMG) kicked off in the city on Thursday to offer complete sourcing platform for the makers of the product under one roof. The four shows are on yarn, fabr...

Gillette maker's boss warns on Brexit price rises

Gillette maker's boss warns on Brexit price rises

-- 2019-01-17 16:06:53

The boss of Procter and Gamble, maker of Fairy liquid and Gillette razors, says its products could cost more if the UK leaves the EU with no deal. Tariffs the company may have to pay would be added t...

Trump tariffs force tough choices at US auto suppliers

Trump tariffs force tough choices at US auto suppliers

-- 2019-01-17 16:05:38

Bob Roth makes no bones about his feelings towards US manufacturing. The co-owner and chief executive of RoMan Manufacturing Inc, which makes transformers and glass-molding equipment for automakers a...

Four int'l trade shows kick off in city

Four int'l trade shows kick off in city

FE Online Report 2019-01-17 14:58:50

Four international trade shows kicked off in Dhaka city on Thursday with participation of around 510 companies from more than 24 countries, aimed at developing Bangladesh's readymade garment (RMG) sec...

Dollar stalls, sterling steadies after May wins no-confidence vote

Dollar stalls, sterling steadies after May wins no-confidence vote

-- 2019-01-17 13:33:37

The dollar took a breather on Thursday following its recent strong gains against key rivals, while sterling steadied after British Prime Minister Theresa May’s government won a no-confidence vot...

MTB inaugurates 24/7 Recycler ATM booth

MTB inaugurates 24/7 Recycler ATM booth

FE Online Desk 2019-01-17 13:19:30

Mutual  Trust  Bank  Limited  (MTB) has recently opened its first 24/7 Recycler ATM booth at MTB Tower in Bangla Motor area in the capital. Anis A Khan, Managing Director and CEO...

China turns to driverless tractors to overhaul agriculture

China turns to driverless tractors to overhaul agriculture

-- 2019-01-17 13:13:54

A brand new combine harvester buzzes up and down a field in eastern China without a driver on board, chopping golden rice stalks and offering a glimpse of what authorities say is the automated future...

Three int’l flights arrive late at HSIA

Three int’l flights arrive late at HSIA

FE Online Report 2019-01-17 12:59:06

Three international flights of different airlines have failed to meet their arrival schedules at Hazrat Shahjalal International Airport (HSIA) in Dhaka city on Thursday. Flight BG 148 from Dubai was...

Goldman Sachs boss apologises to Malaysia over 1MDB scandal

Goldman Sachs boss apologises to Malaysia over 1MDB scandal

-- 2019-01-17 11:24:43

Goldman Sachs new boss has apologised to Malaysia for the role an ex-partner played in the corruption scandal at one of the country's wealth funds. However, chief executive David Solomon also distanc...

BIDA ties up with LICT Project to woo foreign investment

BIDA ties up with LICT Project to woo foreign investment

FE Report 2019-01-17 10:46:31

The Bangladesh Investment Development Authority (BIDA) will work together with the Leveraging ICT for Growth, Employment and Governance (LICT) Project under Bangladesh Computer Council (BCC) to attrac...

Rupali Bank reduces loss-making branches

Rupali Bank reduces loss-making branches

FE Report 2019-01-17 10:37:02

Rupali Bank Limited (RBL), a state-owned commercial bank (SoCB), has reduced the number of loss-making branches drastically in 2018. According to sources concerned in the bank, RBL has registered a w...

Goldman dealmakers shine in Solomon's maiden quarter

Goldman dealmakers shine in Solomon's maiden quarter

-- 2019-01-17 10:34:09

Goldman Sachs Group Inc (GS.N) turned in a better-than-expected profit during David Solomon’s first quarter at the helm, helped by dealmakers in the division the new chief executive once oversaw...

Record US crude production weighs on oil prices

Record US crude production weighs on oil prices

-- 2019-01-17 10:18:22

Oil prices dipped on Thursday as US crude production quickly approached an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. US West Texas Intermediate (WT...

Banks in a fix over effective date of slashed source tax

Banks in a fix over effective date of slashed source tax

Doulot Akter Mala 2019-01-17 09:42:44

The majority of the banks are in confusion over the effective date of reduced source tax on export proceeds as it remains unclear in the revenue board's order. On January 01, the National Board of Re...

4G mobile service loses steam

4G mobile service loses steam

Mehdi Musharraf Bhuiyan 2019-01-17 09:30:33

Despite a lot of hype surrounding the high-tech network for smartphones throughout the last year, the number of 4G subscribers reached only 11.7 million in the first 10 months of introducing it in the...

Coal import through Tamabil port halted again

Coal import through Tamabil port halted again

-- 2019-01-16 22:09:04

Having resumed just 15 days ago, import of coal from India through the Tamabil port in Sylhet was halted again on Wednesday morning after an Indian court imposed a ban on lifting the fossil fuel. If...

China's C bank injects $83b  to avoid a cash crunch

China's C bank injects $83b to avoid a cash crunch

-- 2019-01-16 21:40:30

China's central bank injected a record $83 billion into the country's financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy, reports Re...

Mastercard announces winners for ‘Win Trip for two to Singapore’ campaign

Mastercard announces winners for ‘Win Trip for two to Singapore’ campaign

FE Online Desk 2019-01-16 12:57:34

Mastercard, in collaboration with Daraz Bangladesh Limited, has announced the winner for ‘Win Trip for two to Singapore’ campaign for the month of December 2018; which aims to drive digita...

ICMAB team calls on Commerce Minister

ICMAB team calls on Commerce Minister

FE Online Desk 2019-01-16 12:47:00

A delegation of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) headed by its President Mr. Mohammed Salim FCMA called on  Mr. Tipu Munshi, MP,  Minister, Ministry of...

Bank Asia arranges training for MTs

Bank Asia arranges training for MTs

FE Online Desk 2019-01-16 12:34:20

Bank Asia kicked off 49th Foundation Training Course (FTC) to its 42 (Forty Two) Management Trainees (MTs) aiming to improve their professional efficiency. Mr. Rumee A Hossain, Chairman, Executive Co...

FSIBL opens agent banking outlet at Shalikha, Magura

FSIBL opens agent banking outlet at Shalikha, Magura

FE Online Desk 2019-01-16 12:27:40

The Agent Banking Outlet of First Security Islami Bank Ltd started its operation on Tuesday at Bunagati Bazar, Shalikha, Magura. Mr. Syed Waseque Md Ali, Managing Director of First Security Islami Ba...

Unilever partners with StanChart for supply chain finance

Unilever partners with StanChart for supply chain finance

FE Online Desk 2019-01-16 12:20:42

Unilever Bangladesh Limited (UBL) inked a Memorandum of Understanding (MOU) with Standard Chartered Bank to avail the ‘Supply Chain Finance’ programme – a financing package for the d...

Nissan plans to file for damages against Ghosn

Nissan plans to file for damages against Ghosn

-- 2019-01-16 11:41:33

Nissan Motor plans to file a civil suit against ousted chairman Carlos Ghosn to claim damages resulting from the alleged misuse of company funds, a person with knowledge of the issue said, adding to t...

MNP service: GP losing out to Robi

MNP service: GP losing out to Robi

Mehdi Musharraf Bhuiyan 2019-01-16 10:37:04

Telecom giant Grameenphone is losing the highest number of customers through the roll-out of mobile number portability (MNP) service. Robi, the nearest competitor of the mobile operator, is emergin...

MFIs witness steep rise in number of loan recipients

MFIs witness steep rise in number of loan recipients

Rezaul Karim 2019-01-16 10:31:26

The number of microcredit beneficiaries has risen significantly across the country although the rate of interest on the loan is higher than other credits. The total number of loan recipients increase...